
FORENSICÂ ACCOUNTING
Finding The Details
How can a forensic accountant provide you assistance with your family law or probate issue?
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In a divorce case, a forensic accountant can provide the following services:
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Asset Tracing and Valuation: Identify, trace, and value assets and debts during divorce proceedings. This may include investigating hidden assets or income, complex financial holdings, real estate, retirement accounts, and other marital property.
- Income Analysis: Examine the financial records of both parties to determine true income levels, which is crucial for calculating spousal support, child support, or equitable distribution of assets.
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Lifestyle Analysis: Analyze spending patterns to identify discrepancies between a person's lifestyle and reported income.
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Financial Fraud Detection: Investigate potential fraud, including concealment of income or assets, and uncover financial misconduct that might influence the outcome of divorce settlements.
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Income Reconstruction: Reconstruct income streams to ensure accurate and fair calculations for support or asset division.
In Probate and Estate Matters:
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Estate Valuation: Assist in obtaining appraisals and values of assets within an estate, including real estate, investments, businesses, and intellectual property, to ensure that assets are fairly distributed according to the will or trust.
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Fraud Investigation: Investigate potential fraud, such as the mismanagement of assets by executors, trustees, or heirs. This can include uncovering financial misreporting, embezzlement, or improper transactions affecting the estate’s value